So he is saying the cost of production for som
Post# of 8054
So he is saying the cost of production for some miners in China for their very poor average 15% ore is 120-130/ton-12-13-10 agmetalminer had said 150/ton
CLF Canadian cash costs were 106/ton and Fortescue marginal costs were about the same-so those figures help provide a base support to the price as agmetalminer said
Tight Cash Positions for Miners Will Likely Constrain Growth in Gold and Platinum Production, Which Will be Price-Supportive: Expert Analyst Rob Clifford Discusses the Sector with The Wall Street Transcript
Wall Street Transcript – 1 hour 35 minutes ago
WAL L STREET, New York - April 16, 2013 - The Wall Street Transcript has just published its Metals and Mining Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online ........
In the following excerpt from the Metals and Mining Report , an expert analyst discusses the outlook for the sector for investors:
TWST: Across the different metals that you cover, how are prices trending this year?
Mr. Clifford: Starting with iron ore, iron ore was in deficit earlier in the year simply because of winter in the Southern Hemisphere interrupting the supply chains - this is seasonal and should be totally expected. China's production drops by some 30% during December to January every year, and storms, particularly around Western Australia, interrupt shipping. So why the price rise is debated at this time of year never ceases to amaze me.
The price has now come back to around about the cost of production in China now that winter is easing and domestic production can ramp back up again. We think the marginal cost today is at the 120, 130 mark; it's trading a little bit above that at the moment.
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